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Indictments made in alleged massive TARP scam

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Mortgage Professional America | 25 Oct 2013, 07:10 AM Agree 0
Five people were indicted and two more have pleaded guilty in a multimillion-dollar mortgage scheme that claimed more than 500 victims
  • bgm | | 25 Oct 2013, 09:18 AM Agree 0
    More little fish. The ones responsible for the mortgage meltdown continue to make lots of money in the mortgage industry!
  • gheinecke | | 25 Oct 2013, 09:38 AM Agree 0
    Same should be said for the "un-licensed credit repair companies". Put them in Jail and throw away the key.
  • Jan | | 25 Oct 2013, 09:55 AM Agree 0
    5 indicted and 2 plead guilty. Sadly there were hundreds doing this to homeowners. Why aren't they prosecuting al of them?
  • gheinecke | | 25 Oct 2013, 10:01 AM Agree 0
    That goes without being said. The point that no one should take advantage of those that can't defend themselves or have an understanding of what to do. Sometimes in order to catch a shark you have to feed them smaller fish. What about the builders whereby the public doesn't realize who the salesperson is working for and REQUIRES that they do the financing when in reality the money the customer thinks they are saving is their own money. Why isn't anyone going after the national builders? The whole system is flawed and it runs clear to Washington.
  • SofiesVoice | | 26 Oct 2013, 05:00 PM Agree 0
    It's always the little fish...the big barracudas keep on making money at the expense of the troubled people....and they go scot free....even get to meet face to face with the AG and other DC crooks.
  • Brett | | 28 Oct 2013, 11:03 AM Agree 0
    What? Fraud in a government program? That never happens.
  • SofiesVoice | | 28 Oct 2013, 03:01 PM Agree 0
    "The defendants kept telling one lie after another"????? No.....imagine that!
  • Griff | | 29 Oct 2013, 03:09 PM Agree 0
    gheinecke hits on a sore spot with me. Builders reps rip off buyers but it is called legal. At the very least it is steering.

    Plenty of folks got tax payer money, much not repaid as of yet and too many who had no standing to get funds ever.
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